Coronavirus Hits Russian Markets | March 26

2020-03-27

The Russian economy has been rocked by the coronavirus outbreak, and the breakdown of the OPEC+ oil production pact between Russia and Saudi Arabia. The turmoil has shocked traders around the world and resulted in sharp volatility on the Russian stock markets and swings in the value of the ruble — both of which are down around 20% since the start of the year.The latest on the markets, as of 10.15 Moscow-time March 26:— It was a stable opening across the board Thursday morning in Moscow, as Putin’s address to the nation, the imposition of an emergency week-long holiday, the grounding of all int…